AAR (NYSE:AIR) Sets New 1-Year High - Should You Buy?

Key Points

• AAR hit a new 52-week high of $127.21 (last $126.03), trading up about 1.8%, and analysts hold a Moderate Buy consensus with an average price target of $131.20.
• The company delivered an earnings beat for the quarter—EPS $1.25 vs. $1.21 expected—and revenue of $845.1M, up 24.6% year‑over‑year and above estimates.
• Insider selling was notable: the CEO and CFO sold 60,000 and 10,750 shares respectively, with insiders offloading 106,925 shares (~$11.8M) last quarter, even as institutional investors hold about 90.7% of the stock.

AAR Corp. (NYSE:AIR - Get Free Report)'s stock price hit a new 52-week high on Wednesday . The stock traded as high as $127.21 and last traded at $126.03, with a volume of 320261 shares traded. The stock had previously closed at $123.77.

Analyst Ratings Changes

Several analysts have recently weighed in on AIR shares. Weiss Ratings raised AAR from a "hold (c+)" rating to a "buy (b)" rating in a report on Friday, March 27th. Royal Bank Of Canada lifted their price objective on AAR from $105.00 to $125.00 and gave the stock an "outperform" rating in a report on Wednesday, March 25th. Wall Street Zen raised AAR from a "hold" rating to a "buy" rating in a research note on Saturday, February 21st. Truist Financial reaffirmed a "buy" rating and issued a $128.00 price target (up from $107.00) on shares of AAR in a research note on Friday, March 6th. Finally, Zacks Research lowered AAR from a "strong-buy" rating to a "hold" rating in a research note on Monday, March 16th. Five investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $131.20.

AAR Trading Up 1.8%

The company has a 50-day simple moving average of $112.58 and a 200-day simple moving average of $96.34. The company has a debt-to-equity ratio of 0.54, a quick ratio of 1.23 and a current ratio of 2.70. The stock has a market cap of $5.01 billion, a P/E ratio of 27.94 and a beta of 1.20.

AAR (NYSE:AIR - Get Free Report) last issued its quarterly earnings data on Tuesday, March 24th. The aerospace company reported $1.25 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.21 by $0.04. AAR had a return on equity of 12.39% and a net margin of 5.46%.The firm had revenue of $845.10 million during the quarter, compared to the consensus estimate of $812.58 million. During the same quarter in the previous year, the company posted $0.99 EPS. The business's revenue for the quarter was up 24.6% compared to the same quarter last year. On average, sell-side analysts forecast that AAR Corp. will post 3.77 EPS for the current fiscal year.

Insider Buying and Selling at AAR

In other AAR news, CFO Sarah Louise Flanagan sold 10,750 shares of AAR stock in a transaction on Wednesday, February 4th. The stock was sold at an average price of $108.56, for a total value of $1,167,020.00. Following the completion of the transaction, the chief financial officer owned 32,848 shares in the company, valued at approximately $3,565,978.88. The trade was a 24.66% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO John Mcclain Holmes III sold 60,000 shares of AAR stock in a transaction on Thursday, March 26th. The shares were sold at an average price of $112.41, for a total value of $6,744,600.00. Following the completion of the transaction, the chief executive officer owned 235,064 shares of the company's stock, valued at approximately $26,423,544.24. The trade was a 20.33% decrease in their position. The SEC filing for this sale provides additional information. In the last quarter, insiders sold 106,925 shares of company stock valued at $11,812,450. Corporate insiders own 3.60% of the company's stock.

Institutional Investors Weigh In On AAR

A number of institutional investors and hedge funds have recently made changes to their positions in AIR. McMillan Office Inc. bought a new stake in AAR in the fourth quarter valued at about $25,000. Osterweis Capital Management Inc. bought a new stake in shares of AAR in the second quarter worth about $26,000. Morse Asset Management Inc bought a new stake in shares of AAR in the third quarter worth about $27,000. NBC Securities Inc. bought a new stake in shares of AAR in the fourth quarter worth about $28,000. Finally, Danske Bank A S bought a new stake in shares of AAR in the fourth quarter worth about $28,000. Institutional investors own 90.74% of the company's stock.

About AAR

AAR Corp. NYSE: AIR is a global provider of aviation products and services to commercial, government and defense customers. The company offers a comprehensive portfolio of maintenance, repair and overhaul (MRO) solutions, component repair and overhaul, and engineering services designed to support a wide variety of fixed-wing and rotary aircraft. Leveraging FAA and EASA certifications, AAR delivers turnkey maintenance programs and ad hoc repair services that enhance aircraft availability and reliability.

In its Aviation Supply Chain Services segment, AAR sources, stores and distributes parts for both commercial airlines and military operators.

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